As the U.S. Congress came to an agreement on a budget that purportedly would avoid the nation's first-ever default, talk-radio host Michael Savage warned his audience not to listen to voices on the left declaring it a victory for the tea party.

"If the left is telling you it's a victory for the tea party, then you know it's a lie," he said to his "Savage Nation" listeners.

Freshman Sen. Rand Paul, R-Ky., who was elected by the tea party movement, has pointed out that while the congressional deal touts a "cut" of $2.1 trillion, the best-case scenario would result in an additional $7 trillion in debt over the next 10 years.

We had the votes in the House, if only Boehner & Cantor & the spineless Repukes would have exercised it. There were 2 CR's (Continuing Resolutions) in Dec 2010 and April 2011, in which the House Repubs simply kicked the can down the road to avoid dealing with increasing the debt ceiling or submitting a budget for 2012. Finally when they could not delay any further at this time, they wilted like flowers in a scorching heat, and gave 0dumb0 the crown jewels, namely a $2.4 TRILLION increase to the debt limit till after the Nov 2012 elections. Boehner, McConnell & the Repub weenies just gave the 2012 election back to 0dumb0 and to the House & Senate demoRATs, along with a $2.4 TRILLION war chest. The House will flip back to the demoRATs in 2012 and the Senate will see more DemoRATs rather than fewer.

Funding originates in the House. If Boehner & the Repubs had any balls, they should have done the following immediately 2 months ago.

All Boehner & the Repukes had to do was to set the stage right at the very beginning and to declare emphatically with no hesitation AND no compromise.....

3) To hell with "spending cuts" that reach out for 10 years. It is totally false & bogus & will be overturned with the next socialist (and socialist lite) Congress.

. They did none of the above and instead gave 0dumb0 what he was really after, the $2.4 TRILLION increase to the debt ceiling. Now 0dumb0 can spend & bankrupt us like crazy with or without tax hikes, because he will either simply borrow more or print more money.

Boehner & the Repukes blew it in huge way. They screwed the American people who voted for the Repubs in Nov 2010, thinking that finally the Repubs would stand up and fight back against 0dumb0. So far, 0dumb0 has chewed up & spit out & shredded Boehner & the dumbass establishment Repukes & even Tea Party Repubs over & over again. What a bunch of spineless, incompetent fools. As much as I hate 0dumb0, Pelosi, Reid, Schumer, etc., I wish that we had Repukes as tenacious & deadly as these commie pig bastards. Maybe we would win some battles for a change.

That's it. Game over. There's nobody left in Washington who gives a damn about this country. They've buried it in nation killing debt today. All by design, and with the complicity of both political parties. Adios, Freepers. The Powder Monkey is headed for the tall grass, and never looking back.

11
posted on 08/02/2011 4:12:26 PM PDT
by PowderMonkey
(WILL WORK FOR AMMO)

Hoodwinked? Well maybe some have been hoodwinked. I am not surprised by what happened and was not ‘hoodwinked’. What has happened is they raised the debt ceiling and only slowed down down the growth of spending to the rate of inflation. So basically we stay at the status quo. Congress is incapable of any real cuts, we don’t have the votes to do much better and this needs to be dealt with in 2012.

Obama gets $2.1 trillion of walking-around money immediately; we get a few token cuts in the rate of increase, not real cuts, and only the first year of those are under this Congress’s control. (That’s about $3 billion. Pocket change, by government standards.) The deal locks in massive new spending, defense cuts, and new taxes. So what exactly did we “win”?

What has happened is they raised the debt ceiling and only slowed down the growth of spending to the rate of inflation.

Even worse. They raised the debt ceiling and gave their politician's word that they and future congresses, over which they have no control, would slow down the growth of discretionary spending to the rate of inflation. In other words, they raised the the debt ceiling. Period.

The debt ceiling itself merely represents a self-imposed limit on US borrowing. Since Congress can vote to raise the limit, its existence has been more of a political nuisance than an actual barrier. The operative factor is not how much we allow ourselves to borrow, but how much our creditors are willing to lend. That type of ceiling cant be raised by an Act of Congress. Once our creditors come to the conclusion that they have lent beyond our capacity to repay, they will be very reluctant to lend more. As trillions in short-term Treasuries mature, the dwindling pool of buyers will demand higher rates of return to compensate them for the risk. But our government is in no condition to afford those higher rates without gutting the rest of the budget.

you are exactly right. Only discretionary spending was touched at all and it wasn’t really touched - just a promise. But that is how it always works in DC. Then for tax cuts they have expiration dates but never implement an expiration date for a tax increase or new program.

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